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The report finds that 2019 EU ETS emissions fell by 7.8% to 1612 million tonnes of CO2. While coal power emissions have dropped 43% since 2013, the power sector still accounts for 52% of total ETS emissions. Notably, coal-fired blast furnaces in the steel sector have become the largest emitters in seven countries, including the UK, France, and Spain.

The report finds that while India has shifted resources toward clean energy since FY 2014, subsidies for fossil fuels remain over seven times larger than those for renewables and electric vehicles. Oil and gas subsidies rose by over 65% between FY 2017 and FY 2019, driven by higher oil prices and LPG use, while renewable energy subsidies fell by 35% in the same period. Electricity transmission and distribution subsidies doubled, primarily due to under-priced electricity for residential and agricultural users. Electric vehicle subsidies grew over 400-fold since FY 2014. A special analysis of coal indicates a massive net cost of INR 3,36,446 crore in FY 2018 when accounting for social costs like air pollution and GHG emissions, far outweighing tax revenues and charges.

The author contends that temporary economic slowdowns from the pandemic do not solve climate change and that abandoning climate policies to stimulate recovery is counterproductive. Instead, the text advocates for a low-carbon growth strategy, leveraging innovation and government incentives to transition the economy, particularly the oil and gas sector, while mitigating the increasing economic risks posed by climate-related disasters.

The Canadian Climate Institute asserts that neither halting economic growth nor pausing climate action is a viable strategy for addressing the COVID-19 crisis. It argues that lasting emission reductions require growth-compatible innovation and that Canada's long-term economic interest lies in transitioning to a low-carbon economy to avoid stranded assets and maintain global competitiveness, particularly in the oil and gas sector.

The document analyzes the impact of the COVID-19 pandemic on the EU carbon market, noting a price drop of nearly 40% to just above €15/ton CO2 as of 25 March 2020. It argues that the current Market Stability Reserve (MSR) is unfit for handling sudden surpluses and proposes specific legislative reforms, including increasing the intake rate to 36% from 2024 and raising the linear reduction factor to at least 4.2%. The author warns against using the health crisis to weaken climate policies or provide unfounded subsidies to polluting sectors like aviation, steel, chemicals, and cement, urging governments to ensure post-pandemic recovery packages support the green transition.

The report argues that carbon pricing in wholesale electricity markets can reduce CO2 emissions at the lowest cost and improve economic efficiency. It focuses on the role of Regional Transmission Organizations (RTOs) in pricing emissions directly within energy market operations and outlines the legal and economic frameworks necessary for the Federal Energy Regulatory Commission, states, and RTOs to implement such rules.

A group of European investors warns Fortum that its support for the Datteln 4 coal plant in Germany and Uniper's legal threats against the Dutch government are misaligned with the Paris Agreement and expose the company to significant market and litigation risks. The investors highlight that 79% of EU coal capacity is already loss-making and urge Fortum to commit to a net-zero emissions trajectory by 2050.

The document outlines how carbon pricing instruments (CPIs) can create varied socio-economic impacts across different households and regions, noting that risks are higher in developed countries or areas with high existing poverty where low-income groups rely on fossil fuels. It argues that these negative impacts can be offset through policy design and the strategic use of carbon revenues, while emphasizing that such mitigations must not compromise the primary objective of reducing emissions.

The policy brief estimates that the construction of the EF-170 Ferrogrão railway will induce the deforestation of 2,043 square kilometers of native vegetation in Mato Grosso if no mitigation measures are implemented. This land-use change is projected to release 75 million tonnes of carbon, representing an environmental cost of approximately US$ 1.9 billion, which is about 60% of the project's estimated implementation cost of US$ 3.1 billion. The analysis uses a 'market access' approach to show how improved logistics for grain producers will increase demand for land, specifically affecting 38 municipalities.

The document evaluates the environmental risks of the EF-170 Ferrogrão railroad, estimating that without mitigation, the project will induce 2,043 square kilometers of deforestation in Mato Grosso. This land-use change is projected to release 75 million tons of carbon, creating an environmental cost of approximately US$1.9 billion, which represents about 60% of the railroad's estimated US$3.1 billion implementation cost.

WWF and Carbon Market Watch argue that the EU Industrial Strategy must prioritise the decarbonisation of Energy Intensive Industries (EIIs), which account for approximately 16% of the EU's annual CO2 emissions. The authors propose ten 'asks', including the creation of an Independent Observatory to monitor progress, the implementation of emission performance standards, and the phase-out of free emission allowances in the EU Emission Trading System. They emphasize that investment should be directed toward zero-carbon technologies, specifically in the chemicals, steel, and cement sectors, while limiting Carbon Capture and Storage (CCS) to unavoidable process emissions.

Carbon Market Watch argues that the EU should replace the free allocation of emission allowances in the EU ETS with a Carbon Border Adjustment Mechanism (CBAM) to ensure polluters pay for their emissions. The organization asserts there is no evidence of carbon leakage and proposes that a CBAM should be used as a tool for international climate diplomacy, exempt Least Developed Countries and Small Island Developing States, and be based on carbon performance benchmarks for sectors including steel, cement, chemicals, and power.

The author advocates for the EU to integrate shipping into its carbon market through the EU ETS, combined with a dedicated decarbonization fund and a binding carbon intensity target. While acknowledging that the EU ETS alone is insufficient, the document suggests these combined measures would stimulate innovation and provide a global example for carbon pricing in shipping. The author warns against free pollution permits, offsetting, and funding for fuels that cannot be produced in climate-friendly ways, urging the EU to lead despite the slow pace of the International Maritime Organisation.

WWF argues that the United States must implement a legally mandatory pathway to net-zero emissions by 2050, including a carbon price and a 50% emissions reduction below 2005 levels by 2030. While supporting the Climate Leadership Council (CLC) roadmap as a starting point for bipartisan negotiations, WWF emphasizes the need to strengthen the EPA's authority to regulate stationary sources and ensure a just transition for indigenous people and frontline communities.

The report finds that federal fossil fuel subsidies in Canada for FY 2019/20 totaled nearly CAD 600 million, though this is a conservative estimate due to missing data on tax-related subsidies and specific projects. It highlights a shift in government support from exploration toward infrastructure and exports, particularly for the natural gas sector. Key examples include a CAD 275 million transfer to LNG Canada and ongoing support for the Trans Mountain pipeline. The document also identifies carbon pricing exemptions as effective subsidies for fossil fuel consumption and notes that provincial subsidies generally outpace federal ones. It recommends that Canada include subsidy reform in its next Nationally Determined Contribution (NDC) and complete its G20 peer review by 2020.

The report estimates that Canadian federal fossil fuel subsidies reached nearly 600 million CAD in 2019-2020, though this is considered a low estimate due to missing data on tax expenditures and specific projects like Trans Mountain. The analysis highlights a shift in funding from exploration toward production, infrastructure, and export, with a notable increase in support for the liquefied natural gas (LNG) sector. The authors argue that these subsidies hinder Canada's ability to meet Paris Agreement targets and recommend incorporating subsidy reform into the next Nationally Determined Contribution (NDC).

The report identifies a trend of 'carbon leakage' where EU countries import electricity from non-EU 'offshore carbon havens'—specifically Turkey, Ukraine, Morocco, and the Western Balkans—that lack carbon pricing. Net imports into EU Emissions Trading System (ETS) countries rose from 3TWh in 2017 to 21TWh in 2019, with imported electricity emitting an estimated 26 million tonnes of CO2 in 2019. The document warns that up to 57GW of new coal power could be developed in connected or soon-to-be connected non-EU countries, potentially undermining EU emissions cuts. To address this, the authors propose a border carbon adjustment (BCA) for electricity imports to level the playing field for generators, protect low-carbon investments, and incentivise neighbouring states to adopt their own carbon pricing mechanisms.

The report outlines the physical and economic risks Canada faces due to climate change, such as sea-level rise and the global shift away from carbon-intensive exports. It proposes a holistic approach to climate policy that integrates health, well-being, and economic competitiveness, moving beyond narrow emission targets. The document highlights existing Canadian subnational innovations in carbon pricing and coal phase-out while recommending that governments expand the scope and ambition of their climate actions to ensure long-term prosperity.

The report frames the climate as a critical infrastructure asset, asserting that the economic costs of inaction—comprising direct physical losses, indirect growth reductions, and market uncertainty—are significantly higher than the costs of preventive climate action. It provides specific financial projections for the United States, noting that value-at-risk for all assets could reach $5.2 trillion under a 4.5°C warming scenario and $17 trillion under a 6.0°C scenario. Conversely, it highlights that targeted investments, such as building retrofits and grid upgrades, offer positive financial returns, and a $50/ton carbon tax could generate $180 billion in annual revenue from 2020-2029 while helping avoid trillions in climate-related costs.

The report outlines the dual threats of physical climate impacts and global economic transitions facing Canada. It proposes a comprehensive framework that integrates health, wellness, and economic prosperity, moving beyond siloed mitigation and adaptation strategies. The document highlights existing sub-national policy successes and recommends that Canadian governments broaden their climate objectives, increase policy ambition, and leverage international leadership to ensure a resilient future.